Burges Salmon has advised private equity investor LDC on its £25 million funding package to back the management buyout of Amberon, one of the UK’s leading providers of traffic management services.
The Burges Salmon team was led by Richard Spink and Mark Shepherd, with support from corporate colleagues and specialists in the firm’s real estate, commercial, banking, tax, health and safety and employment teams.
As part of its investment, LDC will take a significant stake in the fast-growing company alongside the current management team – led by Managing Director Terry Musson and Commercial Director Daniel East – whilst enabling its founder shareholders to exit the business.
LDC is a leading private equity company in the UK mid-market and provides up to £100 million of funds for management buy-outs, institutional buy-outs or development capital transactions.
Richard Spink, head of corporate at Burges Salmon, says: “We were very pleased to have worked with LDC and the management team on the Amberon buyout. The business has great growth prospects: it is very well positioned in its sector and the management team is extremely strong. We wish them every success.”
Simon Hemley, Investment Director at LDC comments: “Once again Burges Salmon was able to assist us on all aspects of the deal. The team’s experience and insight were invaluable to us and it was a pleasure to work with them again on another successful transaction.”
Alistair Pendleton, head of LDC in the South West & Wales, says: “Amberon is a classic example of the type of company LDC is keen to back in the South West and Wales as we look to invest £1.2 billion of equity nationally over the next three years.”